Missouri City Council considers increase in tax rate
At their Tuesday, Sept. 6, regular meeting, Missouri City Councilmembers approved the Finance & Services Committee’s recommendation to place a proposed tax rate of $0.56010 per $100 valuation on the Monday, Oct. 3, regular meeting agenda at 7 p.m. at City Hall.
The rate exceeds the lower of the effective or rollback tax rate, and state law requires that two public hearings be held by the governing body before adopting the proposed tax rate. Public hearings to receive comments from the public will be held Thursday, Sept. 15, at 5:30 p.m. in Council Chambers, second floor of City Hall, 1522 Texas Pkwy. And Monday, Sept. 19, at 7 p.m. in Council Chambers.
The city’s budget is funded partially with property tax revenue generated from an annually adopted tax rate applied to certified taxable values within city limits. Certified taxable values from both the Fort Bend and Harris County Appraisal Districts were received July 22 and Aug. 24, respectively, and the effective tax rate calculation was prepared and will be posted on the city’s website.